‘s Press Conference, No Rate Hike Until July 2012?
Yesterday was a historic day. The Federal Reserve gave their first press conference, ever. Below is the actual full press conference so you can watch for yourselves, in full. What are your thoughts on how Ben handled the issues at hand? Barclays Capital looks does not look for the Federal Reserve to hike interest rates until the summer of 2012 and says the loose monetary policy in the meantime should remain supportive for gold. Prices rose after a Wednesday FOMC statement that said rates will remain low for an “extended time,” with gold hitting a fresh record overnight and silver also … Read more